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CCCFA rules hit low-risk borrowers, not vulnerable

Approvals of loans to those with good credit are down significantly, Centrix says.

Maria Slade Thu, 03 Mar 2022

New responsible lending rules are impacting those with good credit records and having little effect on high-risk borrowers, credit bureau Centrix' latest monthly report shows.

The government has ordered an inquiry into the effects of the Credit Contracts and Consumer Finance Act changes, which

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CCCFA rules hit low-risk borrowers, not vulnerable
General Business,
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